Make sense of the new rules for digital asset reporting, including transition relief for 2025 and safe harbors going forward.

The IRS provides guidance on whether these entities qualify under a U.S. federal income tax treaty for relief from the branch ...

The taxpayers’ deductions from microcaptive insurance transactions lacked economic substance under Sec. 7701(o), the Tax ...

Although the IRS has provided guidance on success-based fees, determining which parties are the acquirer and target can be difficult when multiple entities are involved in an M&A.

Arthur Auerbach, CPA, CGMA, received the 2025 Arthur J. Dixon Memorial Award, and Cory Perry, CPA, received the 2025 Jonathan Horn Distinguished Service Award.

This case study can provide practical instruction to students and entry-level accounting staff in key issues of state corporate income tax.

The tax is held to violate the Uniformity Clause of the state’s constitution by treating residents and nonresidents unequally.

AICPA members in tax practice assess how their return preparation software performed during tax season and offer insights into their procedures.

Advisers must be competent, reliable, and free from conflicts of interest for signing preparers to use their advice on a return or claim for refund.

An F reorganization may raise a host of issues pertaining to timely filing of a qualified Subchapter S subsidiary election.

On occasion, taxpayers holding investments in foreign financial assets or with foreign financial institutions may find themselves in the uncomfortable position of realizing that they have failed to ...

Each year, tax professionals who deal with real estate must evaluate the most recent building expenditures and determine which items should be deducted as a repair expense or capitalized. Of all the ...